Kesmaat: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Kesmaat
Largest movements
- Tangible fixed assets -€11,907
down €11,907 (-6.8%), from €175,655 to €163,748
of which Land and buildings: -€12,547
- Stocks and contracts +€8,390
up €8,390 (+56.5%), from €14,847 to €23,238
- Cash +€6,121
up €6,121 (+40.6%), from €15,087 to €21,208
mainly Net result for the year (+€14,762) and Depreciation (+€12,547)
- Profit (loss) carried forward +€14,762
up €14,762 (+311%), from €4,748 to €19,510
- Debts after one year -€12,164
down €12,164 (-11.7%), from €103,635 to €91,471
- Trade debts +€2,362
up €2,362 (+104%), from €2,264 to €4,626
- Turnover +€111,760
up €111,760 (+22.6%), from €495,264 to €607,024
- Purchases and services +€106,859
up €106,859 (+23.2%), from €461,432 to €568,291
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €208,120 | €212,412 | +€4,291 | +2.1% |
| Fixed assets | 21/28 | €175,655 | €163,748 | -€11,907 | -6.8% |
| Tangible fixed assets | 22/27 | €175,655 | €163,748 | -€11,907 | -6.8% |
| Land and buildings | 22 | €175,655 | €163,108 | -€12,547 | -7.1% |
| Furniture and vehicles | 24 | - | €640 | +€640 | |
| Current assets | 29/58 | €32,466 | €48,664 | +€16,198 | +49.9% |
| Stocks and contracts in progress | 3 | €14,847 | €23,238 | +€8,390 | +56.5% |
| Stocks | 30/36 | €14,847 | €23,238 | +€8,390 | +56.5% |
| Amounts receivable within one year | 40/41 | €2,531 | €3,642 | +€1,111 | +43.9% |
| Trade receivables | 40 | €299 | €3,642 | +€3,343 | +1,117% |
| Other amounts receivable | 41 | €2,232 | - | -€2,232 | |
| Cash at bank and in hand | 54/58 | €15,087 | €21,208 | +€6,121 | +40.6% |
| Deferred charges and accrued income | 490/1 | - | €576 | +€576 | |
| Total equity and liabilities | 10/49 | €208,120 | €212,412 | +€4,291 | +2.1% |
| Equity | 10/15 | €86,948 | €101,710 | +€14,762 | +17.0% |
| Contributions | 10/11 | €81,600 | €81,600 | = | 0.0% |
| Reserves | 13 | €600 | €600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €600 | €600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €600 | €600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,748 | €19,510 | +€14,762 | +311% |
| Amounts payable | 17/49 | €121,172 | €110,702 | -€10,471 | -8.6% |
| Amounts payable after more than one year | 17 | €103,635 | €91,471 | -€12,164 | -11.7% |
| Financial debts | 170/4 | €103,635 | €91,471 | -€12,164 | -11.7% |
| Amounts payable within one year | 42/48 | €17,537 | €19,231 | +€1,693 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €14,273 | €12,164 | -€2,109 | -14.8% |
| Trade debts | 44 | €2,264 | €4,626 | +€2,362 | +104% |
| Suppliers | 440/4 | €2,264 | €4,626 | +€2,362 | +104% |
| Taxes, remuneration and social security | 45 | €1,000 | €2,441 | +€1,441 | +144% |
| Taxes | 450/3 | - | €441 | +€441 | |
| Remuneration and social security | 454/9 | €1,000 | €2,000 | +€1,000 | +100% |
| Turnover | 70 | €495,264 | €607,024 | +€111,760 | +22.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €461,432 | €568,291 | +€106,859 | +23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,547 | €12,547 | = | 0.0% |
| Other operating charges | 640/8 | €4,117 | €4,810 | +€693 | +16.8% |
| Non-recurring operating charges | 66A | €1,892 | - | -€1,892 | |
| Gross operating margin | 9900 | €35,032 | €39,933 | +€4,901 | +14.0% |
| Operating profit (loss) | 9901 | €16,476 | €22,576 | +€6,101 | +37.0% |
| Financial charges | 65/66B | €7,757 | €7,814 | +€57 | +0.7% |
| Recurring financial charges | 65 | €7,757 | €7,814 | +€57 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €8,718 | €14,762 | +€6,044 | +69.3% |
| Profit (loss) for the period | 9904 | €8,718 | €14,762 | +€6,044 | +69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,718 | €14,762 | +€6,044 | +69.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.